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DOJ Nails 12 Suspects in $263M Crypto Heist—Genesis Creditors Left Holding the Bag

DOJ Nails 12 Suspects in $263M Crypto Heist—Genesis Creditors Left Holding the Bag

Author:
Coindesk
Published:
2025-05-16 07:02:37
11
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DOJ Charges 12 With $263M Crypto Theft Linked to Genesis Creditor

Federal prosecutors just dropped the hammer on a crypto crime ring accused of swiping a quarter-billion dollars—turns out even blockchain’s ’immutable ledger’ won’t save you from old-fashioned greed.

The twist? Victims include creditors from the collapsed Genesis platform. Guess those ’risk management’ seminars didn’t cover ’getting robbed by an international syndicate.’

Active warrants, frozen assets, and the usual parade of perp walks—because nothing says ’decentralized finance’ like the feds seizing your Lambo.

|Square

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